Those who put together an estate plan in New York typically want to provide something meaningful for the people closest to them. For example, many adults in New York wish to enrich the lives of their children and provide a final, meaningful memory for their children...
Many adults in New York set aside a million dollars or more to fund their retirement years. Oftentimes, people burn through a significant portion of those resources in the early years of their retirement when they are still active. Travel, gifts for loved ones and...
Estate disputes sometimes occur because two siblings simply do not agree on what their parent’s estate consists of. For example, perhaps your mother recently passed away. Your sister lived close to home and took care of her, while you mostly communicated by phone...
The probate process is often frustratingly slow, especially for those who want access to their inheritance as soon as possible. Even when someone has a very thorough estate plan in place before their death, the need to notify creditors, wait for court hearings and...
There are numerous risks that you take when you agree to administer the estate of someone that you love. The responsibilities that you perform as the executor of an estate could damage the relationship that you have with one of the beneficiaries. Your responsibilities...
One of the biggest fears that parents have about dying is that their estate will destroy their children's relationships with one another. The fights that arise during estate administration could drive a wedge between your children and lead to lengthy probate...
If you look up how to make a will right now, you’ll likely come across several free and paid sites that can make you a will in a matter of minutes. These programs often advertise quick and easy wills that cover everything you need – but, that’s often far from the...
Your estate plan needs to address not just your assets but also your obligations. It is a common oversight for people creating wills and similar testamentary documents to focus solely on what they want to give to others and not consider outside factors that will...
No one wants to lose their sense of independence. Especially for older adults, maintaining a sense of independence may be a top priority. However, some people will reach a point as they age where they will need assistance from others to handle their daily lives....
If you have spent your time investing, you probably have several properties that you’d like to pass on to your loved ones when you pass away. To do that, you will need to include those properties in your estate plan. There are a few different ways that you can pass on...
